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Finacial Report 2000

Finance and Expendature

1999 Income 2000
4,900 Subscriptions 5,100  
51,572 Donations 114,572  
712 Sales 5,126  
10,500 Grants 21,809  
171 Interest received 50  
7,201 Fund Raising Events and Sundry Income 7,292  
75,056 TOTAL INCOME   153,949
5,000 Advertising 6,457  
300 Bank Charges 228  
444 Computer Software Maintenance 766  
- Consultants Fees 15,000  
2,162 Depreciation 3,980  
245 Electricity 400  
16,279 Environmental Projects 23,081  
2,020 Fund Raising Activities 4,070  
25 General Expenses 45  
2,286 Insurance 4,242  
- Leasing Equipment 200  
- Legal Costs 500  
1,360 Postage 904  
2,740 Printing & Stationery 3,349  
4,200 Rent 4,195  
204 Repairs & Maintenance 277  
242 Staff Amenities 10  
- Staff Training 300  
781 Subscriptions & Licences 280  
2,665 Superannuation 4,609  
1,509 Telephone & Internet 2,929  
- Travelling Expenses 112  
44,648 Wages 79,000  
87,110 TOTAL EXPENSES   154,934
36,290 Retained Surplus (Deficit) Brought Forward 24,236  
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Balance Sheet as at 30th June 2000

1999 Income 2000
24,236 Accumulated Surplus   23,251
1,717 Bank Overdraft   -
- Other Creditors & Accruals 11,630  
1,717     11,630
14,859 Furniture & Fittings - at Cost 19,484  
7,076 Less Prov'n for Depreciation 11,056  
7,783     8,428
50 Cash on Hand 38  
- Cash at Bank 9,774  
4,895 Public Gift Fund 5,609  
10,442 No. 2 Account 2,962  
364 Rivers Reborn Account 6,296  
366 Cash Management Account 368  
1,003 Public Gift Fund - Cash Management Account -  
700 Security Deposit 700  
- Other Debtors 4  
350 Prepayments 704  
18,170     26,453
25,953 TOTAL ASSETS   34,881
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Statement of Accounting Policies

These financial statements are a special purpose financial report prepared for use by directors and members of the company. The Directors have determined that the company is not a reporting entity as defined in Statement of Accounting Concepts 1: Definition of the Reporting Entity, and therefore application of approved accounting standards is not mandatory in the preparation and presentation of these statements.

The statements have been prepared in accordance with the requirements of the Corporations Law, Income Tax Assessment Act, applicable Statements of Accounting Concepts and applicable approved Accounting Standards with the exception of the following:
  • AASB 1017: Related Party Disclosure
  • AASB 1020: Accounting for Income Tax
  • AASB 1026: Statement of Cash Flows
  • AASB 1028: Accounting for Employee Entitlements
The statements are prepared on an accruals basis from the records of the company. They are based on historic costs and do not take into account changing money values or, except where specifically stated, current valuations of non-current assets.

The following specific policies, which are consistent with the previous period unless otherwise stated, have been adopted in the preparation of these statements:

Property, Plant and Equipment

Items of property, plant & equipment are included at cost or at independent or Members valuation, The depreciable amount of all fixed assets excluding freehold land and buildings, are depreciated over their useful lives.


Investments are valued either at cost less amounts written off for permanent diminution in the value of the investments, or at Members' valuation. Interest is brought to account when received.

Income Tax

Exemption from income Tax has been obtained by virtue of Section 50-45 of the Income Tax Assessment Act 1997
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Auditor's Report

To The Members of: Sutherland Shire Environment Centre Inc.


We have conducted an independent audit of the accounts of the SUTHERLAND SHIRE ENVIRONMENT CENTRE INCORPORATED for the year ended 30th June, 2000, in order to express an opinion to the members.

Our audit has been conducted in accordance with Australian Auditing Standards to provide reasonable assurance as to whether the accounts are free of material misstatement. Our procedures included examination, on a test basis, of evidence supporting the amounts and other disclosures in the accounts, and the evaluation of accounting policies and significant accounting estimates. These procedures have been undertaken to form an opinion as to whether, in all material respects, the accounts are presented fairly in accordance with Australian Accounting Concepts and Standards and statutory requirements so as to present a view of SUTHERLAND SHIRE ENVIRONMENT CENTRE INCORPORATED which is consistent with our understanding of its financial position and the results of its operations.

The audit opinion expressed in this report has been formed on the above basis.

Audit Opinion

In our opinion, the financial accounts present fairly the financial position of SUTHERLAND SHIRE ENVIRONMENT CENTRE INCORPORATED as at 30th June. 2000, and the results of its operations for the year then ended in accordance with applicable Statements of Accounting Concepts and applicable Accounting Standards.

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